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USA. 900 people made redundant by Zoom. A former Better.com employee comments

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The president of Better.com, a mortgage company, laid off 900 employees immediately before Christmas during a video meeting on the Zoom platform. “It’s one of those things you don’t believe will happen,” Christian Chapman, one of the redundant employees, told CNN Business. The man admitted that this was not the first controversial behavior of the superior.

“If you attend this meeting, you are part of an unlucky group that is being laid off,” Better.com CEO Vishal Garg told staff during a video interview on the Zoom platform. “Your employment here ends with immediate effect,” he added. In this way, 900 people, about 9 percent of all employees of the company, lost their jobs just before Christmas. CNN described the Zoom meeting as brief and unemotional.

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Former Better.com employee with mass dismissal

One of the dismissed was Christian Chapman. The man, the sole breadwinner of a family of seven, was aware of the impulsive nature of his supervisor, who regularly swore during remote conversations with employees. – After the first meeting, I realized that I had to calm down and plug in headphones because I have five children at home and I did not want them to listen to such a language – he said.

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As reported by CNN Business, the man recently had an interview with his manager, during which he was informed about a positive assessment of his performance. On the day of his dismissal, he was sure he was logging into the next routine meeting with the president. However, the one-way webinar ended after three minutes, leaving Champman in a dumbfounded state, wrote the American portal.

Chapman tried to contact his colleagues through internal communication channels, but after a while he lost access to his work computer, telephone and e-mail. – It was a surreal moment. It’s one of those things you don’t believe will happen, admitted the man, quoted by CNN. As he added, he received explanations from the human resources department to his private e-mail address a few hours after his dismissal.

Better.com CEO explains the layoffs

Vishal Garg reported that the reasons for the layoffs are the market situation, labor productivity and labor productivity. Fortune magazine reported that Garg accused employees of “robbing” their colleagues and customers because they were unproductive and only worked two hours a day. – This is the second time in my career that I have done this and I would not like to repeat it. The last time I did it, I cried, ‘Garg said to the fired employees.

“The layoffs are painful, especially this time of year,” said CFO Kevin Ryan in a statement sent to CNN Business. “But the fortress’s financial balance and the reduced and more concentrated workforce will put us on the offensive in a drastically changing real estate market,” added Ryan.

The mortgage company announced in May that it was going public. Last week, it raised $ 750 million with this. Better.com is expected to have over $ 1 billion on its cash balance sheet, CNN reported.

CNN Business has pointed out that this is not the first time that the behavior of the president of Better.com has sparked controversy. The portal cited the content of Gerg’s e-mail to employees, which was published in 2020 by Forbes magazine. “You are TOO DAMN FREE. You are a bunch of STUPID DOLPHINS… STOP. STOP. STOP NOW. YOU BRING SHAME TO ME,” he wrote.

Main photo source: Shutterstock



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